Ho Chi Minh City is witnessing a surge in foreign direct investment (FDI) in digital infrastructure, including large-scale data centres and fintech platforms, signalling a shift toward high-value technology-driven sectors. The investments are expected to strengthen the city’s competitiveness and support the development of Vietnam’s digital economy.
A key development is a framework cooperation agreement between Abu Dhabi-based technology firm G42 and Vietnamese partners to build an international standard data centre infrastructure in the city, with potential investments of up to USD2 billion. Authorities have also reported progress on another USD2 billion data centre project backed by a US investor, with around USD1.2 billion expected to be disbursed starting in the second quarter of 2026.
The expansion of digital infrastructure is expected to support services such as financial technology, cloud computing and artificial intelligence, while complementing the launch of the Vietnam International Financial Centre in Ho Chi Minh City. Investors have also indicated plans to mobilise up to USD10 billion over the next five years for projects linked to digital infrastructure, fintech platforms and smart urban systems.
Ho Chi Minh City remains Vietnam’s largest destination for foreign investment, hosting more than 20,470 foreign-invested projects with registered capital exceeding USD142 billion. At the same time, the city is promoting major infrastructure initiatives, including metro rail expansion, offshore wind power projects and port development, to support the growing energy and connectivity needs of its digital economy.